More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.
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Meet the Author
Murray N. Rothbard
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Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
[ Editor’s note: In this article, originally published in October 1984, Murray Rothbard critiques a problem with the economics of Republicans and conservatives. Namely, its proponents think they can...
[This article is adapted from Murray Rothbard’s 1977 keynote address to the Libertarian Party.] I used to think that adopting the victory of liberty as the overriding goal must be almost self-evident...
[ Editor’s note: The article below is adapted from a lengthy 1954 memo by Rothbard which is written largely as a review of George B. DeHuszar and Thomas Hulbert Stevenson’s A History of the American...
